The City is dead. Long live the City

It’s a wonder that there is anyone left in the City of London to bemoan its diminishing prospects as an international financial centre. With all the negative headlines over the past few months; the made-in-London scandals – such as Libor manipulation, rogue trading at UBS and beached whales at JP Morgan – along with oppressive regulation and punitive taxation, you’d have thought everyone would have hightailed it already.